Climate Change Data

Needham Bank

Climate Impact & Sustainability Data (2018)

Reporting Period: 2018

Environmental Metrics

ESG Focus Areas

  • Community Reinvestment
  • Community Development
  • Education
  • Customer Service
  • Employee Well-being

Social Achievements

  • Provided 7,363 volunteer hours to 193 organizations in Eastern Massachusetts.
  • Sponsored a capacity-building workshop for local charitable organizations.
  • Continued support for METCO program despite state funding cuts.
  • Extended support to Tenacity and Horizons programs.
  • Increased outreach to younger demographic, with 34% of checking accounts opened last fiscal year by Millennials.

Climate Goals & Targets

Environmental Challenges

  • Attracting younger clients
  • Competition from larger banks
Mitigation Strategies
  • Strategic effort to reach out to younger demographic
  • Redesigned products and services to be competitive
  • Partnered with tech resources
  • Emphasized relationship-driven approach over transaction-driven approach

Supply Chain Management

Climate-Related Risks & Opportunities